PORTLAND, OR--(Marketwired - Oct 15, 2015) - Eastside Distilling, Inc. (OTCQB: ESDI) ("Eastside" or the "Company"), a producer of award-winning master-crafted spirits, today announced that Steve Shum has been appointed as its Chief Financial Officer (CFO). Mr. Shum will draw on his more than 20 years of comprehensive financial management and operations experience with public and private companies to support Eastside's growth plans. Full details can be found in the Company's Current Report on Form 8-K filed with the SEC on October 6, 2015 at either the SEC's website (www.sec.gov) or at the "Investors" section of the Company's website at www.eastsidedistilling.com.
Prior to joining Eastside, Mr. Shum spent approximately five years as Chief Financial Officer of a publicly-traded global renewable energy company where he focused on financing and capital raising, budgeting, acquisition integration, financial and SEC reporting and other key operational activities.
"Steve is a great fit for Eastside. He's an experienced, energetic team player who is very much aligned with our business, brand and culture and we're delighted that he'll be joining our management team at this exciting time in our development," said Eastside Distilling CEO, Steven Earles. "We believe his public company expertise, operating acumen, and experience growing and financing emerging public companies will be extremely valuable as we seek to build our business over the foreseeable future. His extensive insight, knowledge and experience should allow him to quickly contribute to driving performance at Eastside."
"I am excited to be joining the Eastside team," said Steve Shum. "As a rapidly growing company in the exploding craft spirits space, it represents an outstanding opportunity. I look forward to applying my experience toward helping to build Eastside's market presence regionally and nationally."
About Eastside Distilling
Eastside Distilling, Inc. has been producing high-quality, master crafted spirits since 2008 and is located in Southeast Portland's Distillery Row. Makers of award winning spirits, the company is unique in the marketplace and is distinguished by its highly decorated product lineup that includes Burnside Bourbon, Barrel Hitch American Whiskey, Below Deck Rums, Portland Potato Vodka and a distinctive line of infused whiskeys. All Eastside spirits are master crafted from natural ingredients for unparalleled quality and taste. The company is publicly traded under the symbol (OTCQB: ESDI). For more information visit: www.eastsidedistilling.com or follow the company on: Twitter & Facebook.
Certain matters discussed in this press release may be forward-looking statements. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in obtaining new customers; the Company's success in product development; the Company's ability to execute its business model and strategic plans; the Company's success in integrating acquired entities and assets, and all the risks and related information described from time to time in the Company's filings with the Securities and Exchange Commission ("SEC"), including the financial statements and related information contained in the Company's Annual Report on Form 10-K and interim Quarterly Reports on Form 10-Q. Examples of forward-looking statements in this release may include statements related to our strategic focus, product verticals, anticipated revenue, and profitability. The Company assumes no obligation to update the cautionary information in this release.